Deutsche to raise more funds

Today, Deutsche Bank is the newest addition to banks who are taking advantage of the better market conditions to raise funds. Doing it in the form of hybrid bonds, the German bank hopes to collect €500m or $717m from it.

From the FT:

Deutsche Bank has already been able to raise €1bn in senior bonds and €1bn in covered bonds this year.

Deutsche Bank is planning to raise between €300 and €500m in new perpetual tier-one bonds, which will be callable in 2015 and are expected to be priced with a coupon of between 9-10 per cent.